This week marks the beginning of the Christmas rally. Don't expect a sharp surge—the S&P 500 reaching 7,000 would already be the limit. Institutional control over the market remains quite severe this year.
This week is very quiet, with only 3.5 trading days.
The market closes at 1 PM on Thursday and is closed on Friday.
Economic Indicators
Latest US GDP and other economic data
This week sees a dense release of US economic data, with the core focus on
the Q3 real GDP to be announced on December 23, with market expectations for an annualized quarterly rate of 2.5%. The key point of this data lies in whether the resilience of the service sector and non-durable goods consumption can effectively offset the overdraft of durable goods demand caused by "tariff panic" in Q2, while inventory changes remain the biggest disruptive variable. On the manufacturing front, the US will release industrial output data for October and November, expected to show a "first dip, then rise" trend; durable goods orders are expected to decline due to a sharp drop in Boeing aircraft orders.
Additionally, the Q3 GDP report on December 23 will include an update on July-September PCE data.
GDP data may lead to a market pullback—remember to take profits.
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